Jobs Data

US likely added modest 80K jobs in August, sign of cooling labour market

When the Labour Department put out a disappointing jobs report a month ago, an enraged President Donald Trump responded by firing the economist in charge of compiling the numbers and nominating a loyalist to replace her. Nothing quite so dramatic is likely Friday when the department releases hiring and unemployment numbers for August. They are expected to show that companies, government agencies and nonprofits added a modest 80,000 jobs last month, according to a survey of forecasters by the data firm FactSet. That would be a slight improvement on July's 73,000 but still offer more evidence that the American job market has cooled significantly from last year. The unemployment rate is forecast to stay at a low 4.2 per cent suggesting that employers are stuck in a no-hire, no-fire mode: They are reluctant to add many new workers but don't want to give up the ones they have. But there are signs they may be starting to cut staff. The US job market has lost momentum this year, partly .

Trump says June jobs data 'rigged', Wall Street and economists disagree

The monthly jobs report is already closely-watched on Wall Street and in Washington but has taken on a new importance after President Donald Trump on Friday fired the official who oversees it. Trump claimed that June's employment figures were "RIGGED" to make him and other Republicans "look bad". Yet he provided no evidence and even the official Trump had appointed in his first term to oversee the report, William Beach, condemned the firing of Erika McEntarfer, the director of the Bureau of Labour Statistics appointed by former President Joe Biden. The firing followed Friday's jobs report that showed hiring was weak in July and had come to nearly a standstill in May and June, right after Trump rolled out sweeping tariffs. Economists and Wall Street investors have long considered the job figures reliable, with share prices and bond yields often reacting sharply when they are released. Yet Friday's revisions were unusually large -- the largest, outside of a recession, in five decades.

Asian shares rally, dollar lower against yen on Fed rate cut bets

US shares rallied on Monday on generally positive earnings reports and increasing bets for a September rate cut from the Fed after disappointing jobs data on Friday

Census likely to begin in Sept as govt looks to plug data gaps: Report

It will take about 18 months to complete the new survey after it begins next month, two government sources directly involved in the matter said

What are ghost jobs? How to identify them and tips for job seekers

An online survey by Business Standard showed that a staggering 73% of over 1,000 participants admitted to falling victim to ghosting in the job market

Fresh formal job creation dipped to 30-month low levels in Nov: EPFO

In November 2023, the number of new monthly subscribers under the EPF decreased by nearly 10 per cent to 736,015 from 816,721 in October, according to the latest monthly payroll data

Flexi-staffing industry records four-quarter high growth in Q2: Report

The IT services sector is opening up new employment opportunities, driven by high volumes

Salaried employment slips in 12 major states, UTs, shows PLFS data

It's widely held that salaried roles, which guarantee consistent wages, offer better job security than casual positions or self-employment

Gold price slides as dollar, treasury yields rise after strong jobs data

Benchmark Treasury yields edged higher and the dollar index rose 0.4%, denting appeal for gold

US unemployment rate unchanged at 3.8%, job growth beats Sept expectations

Nonfarm payrolls increased by 336,000 jobs last month, the Labor Department said in its closely watched employment report on Friday

US companies added 89,000 jobs, fewest since early 2021 in ADP data

Stock futures rose and Treasury yields sank after the report as the odds of another Federal Reserve interest-rate hike by year-end declined

Gold edges up as dollar slips after US jobs openings rose unexpectedly

Spot gold was steady at $1,822.20 per ounce by 0948 GMT, while U.S. gold futures dropped 0.2% to $1,838.40

Rural reprieve pushed India's unemployment rate to 1-year low in Sept: CMIE

The overall joblessness rate slid to 7.09% last month, from 8.10% in August, data from private research firm Centre for Monitoring Indian Economy showed.

US weekly jobless claims fall unexpectedly, shows labour market strength

Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 228,000 for the week ended July 15, the Labor Department said on Thursday

Hybrid job roles surge 60% and on-site down 10%, shows LinkedIn data

The solely on-site job roles have declined by 10 per cent year-on-year, while open hybrid job positions have surged 60 per cent for entry-level roles, compared to 2022

At 1.6 mn, employee additions at ESIC in Feb a tad lower than Jan figure

New establishments registered dipped 51.7% from January

US job openings fall below 10 million for first time since 2021: Report

The number of available positions decreased to 9.9 mn from a downwardly revised 10.6 million a month earlier, the Labor Department's Job Openings and Labor Turnover Survey, or JOLTS, showed Tuesday

Bulls stage turnaround on Monday; key reasons why Sensex rallied 850 pts

The market sentiment got a boost from jobs and services data in the US, which hinted at a cooling economy prompting bullish bets from investors

With jobs no longer secure, career cushioning is taking centre stage

Professionals and students striving to make themselves future-ready, future-proof

Dollar gains as traders gird for higher US Fed rates, focus on jobs data

The dollar hit a week-high of $0.9810 per euro in early Asia trade and is eying its best week in more than a month